What legal documents do I need for a Series A funding round?

The main funding documents you’ll need for your Series A funding round are: Term Sheet Shareholders Agreement Articles of Association Disclosure Letter Previous Investor Consent Preemption Notice Board Resolution Shareholders Resolution SH01 Form With SeedLegals, all these documents are generated automatically and updated dynamically as you set your terms - on everything from Investor Consent and Founder Vesting, to Growth Shares. There might be other supporting documents involved in Series A rounds - whenever you need help, our expert team and network of lawyers are available. When you’re ready to complete your round, all parties sign online and your documents are stored securely on SeedLegals.

What's the difference between a Seed Round and Series A Round?

A Seed Round is likely to be a company's first formal funding round. Before the Seed Round, the company might have taken pre-seed investment as one-off sums, or as a Bootstrap Round or via crowdfunding. Series A is the funding round that follows a Seed Round. A company might raise Series A financing to grow the business, to continue developing the products or service, and to hire more people. Like a Seed Round, Series A is equity-based so the company receives money from investors in exchange for shares in the company. After Series A, if the company needs to continue fundraising, the next round would be Series B, followed by Series C and so on.

How much do companies usually raise in a Series A funding round?

Companies usually aim to raise substantially more in a Series A than in their Seed Round, usually £2million or more in the UK.

Who can invest in a Series A funding round?

In a Series A round, your investors could be individuals (angel investors) and/or venture capital firms (VCs). The investors who put in the most money are likely to be VCs.

How long does it take to do a Series A funding round?

We recommend you allow at least eight weeks to complete your Series A to make sure all parties are commercially aligned. When all parties reach a deal, our platform can help to close your round quickly. We've completed Series A rounds in just a few weeks. In 2021, we helped a company complete a £2million round in just nine days. That was pretty fast, even for us.

How much will it cost to do my Series A round with SeedLegals?

To find out exactly how much it will cost to do your Series A round with SeedLegals, use our calculator . There are no hidden costs and no fees for talk to our team. However, in later-stage rounds, there might be complex issues that are outside our areas of expertise. For example, if your company operates in a jurisdiction that we don't yet support. In these cases, we'll let you know as soon as possible that we need to refer you to an expert, and then you can choose to engage them separately, at your own cost.

Can I use SeedLegals instead of a law firm for my Series A round?

Yes, you can use SeedLegals for your Series A funding round, from start to finish. Our in-house team and network of lawyers will work together to get your funding round done. We’ll set up your round on SeedLegals to match your investor’s Term Sheet. You can then share documents, negotiate and track your progress. Our team can help you recognise which deal terms are reasonable and which to push back on, to make sure you and your company get the best possible deal. Use the Data Room to share documents with investors for their due diligence checks. When you’re ready, all parties sign online and your documents are stored securely. You'll need to collect the money from your investors - you’ll need a bank account ready to accept the payment(s). Whenever you need any help, just ask us.

Do I need to have used SeedLegals for previous funding rounds to do a Series A?

No, you can create a SeedLegals account anytime. You’ll get 7 days to try us out for free. To see how it works, ask us for a demo .

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Whether you’re raising £1M or £10M, supercharge your Series A round with the platform and team that:
✔ empowers you to get the best deal terms
✔ builds all your deal documents
✔ provides all the help & support you need
✔ helps you close your round quickly & reliably

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Raise Series A Round Hero £5m ShareHolders Agreement

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Use technology to transform your fundraising

Negotiate deal terms, not Word docs
See and understand every key deal term
All documents instantly generated and updated
Data Room for due diligence document sharing
Grant access to advisors and lawyers as needed
Built-in e-signing for faster, remote completion
All documents stored online

Expert help

Investor sent you their Term Sheet?

Nice! Our A+ team will:

review the deal terms with you - everything from investor consent and founder vesting to growth shares
advise which terms are ok, which to push back on
set up your round to match the investor’s term sheet

Build your round

Need custom wording?
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We've already coded the legal wording requested by leading VCs and funds. If we don’t already have 1-click support for your investors’ wording, no problem, we can easily accommodate any wording.

1-click inclusion of wording for leading VCs
Additional wording changes, no problem

SeedLegals Advisory Service

Looking for specialist legal advice?

If you need a dedicated lawyer to support with negotiation and bespoke drafting for your Series A+ round, our Advisory Service can provide you with high quality legal advice, priced efficiently. Get in touch with the experts at [email protected] to learn more.

Experienced team

All the support you need

Our purpose-built Series A service provides all the support you need for your round. Our experienced team and network of lawyers specialise in startups. We understand exactly what you need for your funding round.

More funding rounds closed than any other service in UK
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Everything for your Series A round

Here's why SeedLegals is the best choice for your Series A round

Term Sheet review

We'll review your deal terms with you, what to agree to, what to push back on

Unlimited support

Our funding experts are available 9am to 6pm Monday to Friday

Expert team

We're the UK #1 for funding rounds, you're in safe hands

Transparent pricing

Fixed fees based on amount raised, all the support you need included. No pay-by-the-minute bills!

Legal documents and forms

All the legals for your round, automated, stored in the cloud, e-signed.

Custom wording changes

Customise documents to exactly what you and investors need

Get in touch - your way

Talk to us via chat, email, or video call - whatever works for you

Secure online platform

Grant access to your investors, advisors and lawyers

Raise your Series A round - how it works

Get started
Sign up, add your company, go to Raise, start your round
Review Term Sheet
Investor sent you their Term Sheet? We'll go through the terms with you and build your round based on the agreed terms
Build all the deal docs
Share the deal docs with investors, everything is dynamically updated as you negotiate the deal terms.
Due Diligence made easy
Your SeedLegals Data Room lets you securely share due diligence documents with investors.
Manage your round
Send contracts, sign online, store the signed documents on SeedLegals, share the completion bundle in a few clicks.
Wrap up the deal
Auto-generate all the share certificates and forms for Companies House
Receive funds from investors
Congratulations! And when it's time to do it again, everything's ready, it'll be even easier next time

More resources on Series A+ funding

Series A funding: guide for startup founders

Series B funding: guide for startup founders

Series C funding: guide for startup founders

FAQs - Series A Funding Round

What legal documents do I need for a Series A funding round?
The main funding documents you’ll need for your Series A funding round are:
- Term Sheet
- Shareholders Agreement
- Articles of Association
- Disclosure Letter
- Previous Investor Consent
- Preemption Notice
- Board Resolution
- Shareholders Resolution
- SH01 Form
With SeedLegals, all these documents are generated automatically and updated dynamically as you set your terms - on everything from Investor Consent and Founder Vesting, to Growth Shares. There might be other supporting documents involved in Series A rounds - whenever you need help, our expert team and network of lawyers are available.

When you’re ready to complete your round, all parties sign online and your documents are stored securely on SeedLegals.
What's the difference between a Seed Round and Series A Round?

A Seed Round is likely to be a company's first formal funding round. Before the Seed Round, the company might have taken pre-seed investment as one-off sums, or as a Bootstrap Round or via crowdfunding.

Series A is the funding round that follows a Seed Round. A company might raise Series A financing to grow the business, to continue developing the products or service, and to hire more people.

Like a Seed Round, Series A is equity-based so the company receives money from investors in exchange for shares in the company.

After Series A, if the company needs to continue fundraising, the next round would be Series B, followed by Series C and so on.
How much do companies usually raise in a Series A funding round?

Companies usually aim to raise substantially more in a Series A than in their Seed Round, usually £2million or more in the UK.
Who can invest in a Series A funding round?

In a Series A round, your investors could be individuals (angel investors) and/or venture capital firms (VCs). The investors who put in the most money are likely to be VCs.
How long does it take to do a Series A funding round?

We recommend you allow at least eight weeks to complete your Series A to make sure all parties are commercially aligned. When all parties reach a deal, our platform can help to close your round quickly. We've completed Series A rounds in just a few weeks. In 2021, we helped a company complete a £2million round in just nine days. That was pretty fast, even for us.
How much will it cost to do my Series A round with SeedLegals?

To find out exactly how much it will cost to do your Series A round with SeedLegals, use our calculator.

There are no hidden costs and no fees for talk to our team. However, in later-stage rounds, there might be complex issues that are outside our areas of expertise. For example, if your company operates in a jurisdiction that we don't yet support. In these cases, we'll let you know as soon as possible that we need to refer you to an expert, and then you can choose to engage them separately, at your own cost.
Can I use SeedLegals instead of a law firm for my Series A round?

Yes, you can use SeedLegals for your Series A funding round, from start to finish. Our in-house team and network of lawyers will work together to get your funding round done.

We’ll set up your round on SeedLegals to match your investor’s Term Sheet. You can then share documents, negotiate and track your progress. Our team can help you recognise which deal terms are reasonable and which to push back on, to make sure you and your company get the best possible deal.

Use the Data Room to share documents with investors for their due diligence checks. When you’re ready, all parties sign online and your documents are stored securely.

You'll need to collect the money from your investors - you’ll need a bank account ready to accept the payment(s).

Whenever you need any help, just ask us.
Do I need to have used SeedLegals for previous funding rounds to do a Series A?

No, you can create a SeedLegals account anytime. You’ll get 7 days to try us out for free. To see how it works, ask us for a demo.

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